Funko (NASDAQ:FNKO) Cut to "Sell" at Wall Street Zen

Wall Street Zen lowered shares of Funko (NASDAQ:FNKO - Free Report) from a hold rating to a sell rating in a report released on Thursday.

Several other research analysts have also recently commented on the company. DA Davidson raised Funko to a "strong-buy" rating in a research report on Thursday, May 15th. The Goldman Sachs Group upgraded Funko from a "sell" rating to a "neutral" rating and dropped their price objective for the stock from $7.00 to $5.50 in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Funko currently has an average rating of "Hold" and a consensus target price of $9.88.

Funko Stock Performance

Shares of FNKO traded down $0.02 during mid-day trading on Thursday, hitting $3.91. The company's stock had a trading volume of 1,171,881 shares, compared to its average volume of 806,006. Funko has a one year low of $3.50 and a one year high of $14.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The firm has a market capitalization of $213.23 million, a PE ratio of -8.15 and a beta of 0.85. The stock's 50-day moving average is $4.96 and its two-hundred day moving average is $9.62.

Funko (NASDAQ:FNKO - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.10. The firm had revenue of $190.74 million during the quarter, compared to analysts' expectations of $191.96 million. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. Funko's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned ($0.17) earnings per share. As a group, sell-side analysts anticipate that Funko will post -0.12 EPS for the current year.

Insiders Place Their Bets

In other Funko news, Director Jason Harinstein bought 15,000 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $7.09 per share, for a total transaction of $106,350.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $106,350. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew David Oddie sold 3,867 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $8.87, for a total value of $34,300.29. Following the completion of the sale, the insider now owns 23,200 shares of the company's stock, valued at approximately $205,784. This trade represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,801 shares of company stock worth $474,227 over the last three months. 3.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Funko

A number of hedge funds and other institutional investors have recently made changes to their positions in FNKO. New York State Teachers Retirement System acquired a new stake in shares of Funko in the fourth quarter valued at $38,000. Intech Investment Management LLC acquired a new stake in shares of Funko in the fourth quarter valued at $148,000. Hsbc Holdings PLC acquired a new stake in shares of Funko in the fourth quarter valued at $152,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Funko in the fourth quarter valued at $183,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Funko by 15.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 27,429 shares of the company's stock valued at $188,000 after buying an additional 3,603 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.